42 Sherman Avenue, Hamilton, ON

$869,000
MLS#:X9509304
5 beds
4 baths
2500-3000 sqft
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["2 1/2 Storey"] fourplex located in the coveted neighborhood of Gibson. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $869,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 5 Bedrooms and 4 Bathrooms with 4 functional kitchens
  • Generous living space spanning 2500-3000 sqft on a premium 27.58 x 91.41 ft lot
  • Features a ["finished", "full"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 0.0 total parking spaces available
  • Notable attributes: None
  • equipped with ["central air"] central cooling and highly efficient forced air heating via gas

Discover the perfect blend of modern elegance and classic charm in this beautifully renovated Multi-Plex, nestled in the heart of Hamilton's Downtown Core. With top-to-bottom upgrades, this property showcases premium finishes including sleek quartz countertops, fresh contemporary paint, and fully updated bathrooms, offering a stylish and low-maintenance investment. Currently occupied by AAA tenants, this property generates premium rental income with **positive cash flow**. The prime location, high-quality updates, and consistent tenancy make this a lucrative addition to any investors portfolio. Don't miss out on this rare opportunity! Book your showing today to experience firsthand how this exceptional Multi-Plex can elevate your real estate investments.

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Key Features

Bedrooms
5
Bathrooms
4
Kitchens
4
Living Area
2500-3000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateNovember 15, 2024
Sold price information is available to members only
Listed Date10/24/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeFourplex
Architectural Style2 1/2 Storey
ConstructionBrick
BasementFinished, Full
Lot Size27.58 × 91.41 Feet
CountyHamilton
Annual Tax$4,934.72
Legal DescriptionLT 46, PL 382 ; PT LT 45, PL 382 , AS IN CD273720; S/T & T/W CD273720 CITY OF HAMILTON

Parking & Garage

Parking Spaces0.0
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

None

Security Features

Community Features

Location

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42 Sherman Avenue, Hamilton, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 42 Sherman Avenue S, Hamilton, ON L8M 2P4

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$695,200
Monthly Mortgage$4,039
Property Tax (Est.)$411
Utilities & Maint.$350
Total Monthly Cost$4,800

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Hamilton.

Similar Listings Nearby

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Gibson, Hamilton.

Verified Local Data
City Population785,184
City Median Age41.6 Yrs
City Ownership69% Owners
Avg Area List Price$571,076

People & Families

Age Distribution

Household Composition

One-person households
27%
Families with children
45%
Couples without children
27%
Other households
1%

Top Ethnic Origins

English21%
Scottish17%
Irish16%
Canadian13%

Local Schools Guide

Elementary Schools

St Ann's
PublicSherman Avenue North, Stipeley, Hamilton, Ontario, L8L 0B8
5.6
Cathy Wever
Public160 Wentworth Street North, Gibson, Hamilton, Ontario, L8L 5V7
2.1
Prince of Wales
Public77 Melrose Avenue North, Stipeley, Hamilton, Ontario, L8L 6X4
3.9
Adelaide Hoodless
Public71 Maplewood Avenue, Blakeley, Hamilton, Ontario, L8M 1W7
6.8
St Patrick's
Public20 East Avenue South, Landsdale, Hamilton, Ontario, L8N 3X1
4.1

Secondary Schools

Cathedral
Public30 Wentworth Street North, Gibson, Hamilton, Ontario, L8L 8H5
4.6
Bernie Custis
Public1055 King Street East, Stipeley, Hamilton, Ontario, L8M 1C3
2.2

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied69%
Rented31%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.